Shareholders might have noticed that A10 Networks, Inc. (NYSE:ATEN) filed its second-quarter result this time last week. The early response was not positive, with shares down 7.2% to US$13.09 in the past week. A10 Networks missed revenue estimates by 5.6%, coming in atUS$60m, although statutory earnings per share (EPS) of US$0.13 beat expectations, coming in 8.3% ahead of analyst estimates. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analysts have changed their mind on A10 Networks after the latest results.

See our latest analysis for A10 Networks

Taking into account the latest results, the consensus forecast from A10 Networks' four analysts is for revenues of US$256.1m in 2024. This reflects a credible 2.9% improvement in revenue compared to the last 12 months. Statutory earnings per share are forecast to sink 12% to US$0.52 in the same period. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$263.5m and earnings per share (EPS) of US$0.51 in 2024. So it looks like the analysts have become a bit less optimistic after the latest results announcement, with revenues expected to fall even as the company is supposed to maintain EPS.

The average price target was steady at US$16.33even though revenue estimates declined; likely suggesting the analysts place a higher value on earnings. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic A10 Networks analyst has a price target of US$17.00 per share, while the most pessimistic values it at US$16.00. With such a narrow range of valuations, the analysts apparently share similar views on what they think the business is worth.

Looking at the bigger picture now, one of the ways we can make sense of these forecasts is to see how they measure up against both past performance and industry growth estimates. The period to the end of 2024 brings more of the same, according to the analysts, with revenue forecast to display 5.8% growth on an annualised basis. That is in line with its 4.8% annual growth over the past five years. Compare this with the broader industry (in aggregate), which analyst estimates suggest will see revenues grow 12% annually. So although A10 Networks is expected to maintain its revenue growth rate, it's forecast to grow slower than the wider industry.